Gap Discloses Reason for Expected $313M Windfall in 1Q -- Market Talk

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1458 ET - Gap's forecast for a $313 million windfall in the fiscal first quarter is tied to a settlement over credit card interchange fee litigation, in which the retailer was a plaintiff, according to the company's annual filing. Gap had shared the expected net gain when it posted quarterly earnings earlier this month, citing a legal settlement, but did not disclose what the litigation involved. The company said at the time it plans to donate $50 million to the Gap Foundation and its donor-advised fund. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

March 17, 2026 14:58 ET (18:58 GMT)

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Gap had shared the expected net gain when it posted quarterly earnings earlier this month, citing a legal settlement, but did not disclose what the litigation involved. The company said at the time it plans to donate $50 million to the Gap Foundation and its donor-advised fund. (kelly.cloonan@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 17, 2026 14:58 ET (18:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4094","symbol_name":"服装零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620477484","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620477484","pubTimestamp":1773773880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1458 ET - Gap's forecast for a $313 million windfall in the fiscal first quarter is tied to a settlement over credit card interchange fee litigation, in which the retailer was a plaintiff, according to the company's annual filing. 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Gap had shared the expected net gain when it posted quarterly earnings earlier this month, citing a legal settlement, but did not disclose what the litigation involved. The company said at the time it plans to donate $50 million to the Gap Foundation and its donor-advised fund. (kelly.cloonan@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 17, 2026 14:58 ET (18:58 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}